Gregory J. Quarles - 22 Apr 2024 Form 4 Insider Report for APPLIED ENERGETICS, INC. (AERG)

Role
President and CEO, Director
Signature
/s/ Gregory J. Quarles
Issuer symbol
AERG
Transactions as of
22 Apr 2024
Net transactions value
-$15,430
Form type
4
Filing time
24 Apr 2024, 16:32:01 UTC
Previous filing
25 Mar 2024
Next filing
23 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AERG Common Stock, par value $0.001 per share Options Exercise $2,450 +7,000 $0.3500* 7,000 22 Apr 2024 Direct
transaction AERG Common Stock, par value $0.001 per share Sale $13,230 -7,000 -100% $1.89 0 22 Apr 2024 Direct F1
transaction AERG Common Stock, par value $0.001 per share Options Exercise $1,050 +3,000 $0.3500* 3,000 23 Apr 2024 Direct
transaction AERG Common Stock, par value $0.001 per share Sale $5,700 -3,000 -100% $1.90 0 23 Apr 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AERG Non-Qualified Stock Options Options Exercise -7,000 -0.14% 4,933,000 22 Apr 2024 Common Stock, par value $.001 per share 7,000 $0.3500 Direct F2
transaction AERG Non-Qualified Stock Options Options Exercise -3,000 -0.06% 4,930,000 23 Apr 2024 Common Stock, par value $.001 per share 3,000 $0.3500 Direct F2
holding AERG Restricted Stock Units 1,954,545 22 Apr 2024 Common Stock, par value $.001 per share $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sale price reflects the weighted average price of multiple trades executed at prices ranging from $1.88 to $1.96, on April 22, 2024, and $1.86 to 1.93, on April 23, 2024. The reporting person undertakes to provide upon request to the SEC staff full information regarding the number of shares and prices at which the transaction was effected. Such shares were sold pursuant to a 10b-5 Plan which was adopted by Dr. Quarles on June 15, 2023.
F2 Options were issued in exchange for services rendered as an officer and director of the company.
F3 Restricted Stock Units are subject to vesting, and none of them were vested.